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Exxon and Chevron Post Record Profits on Refining Surge

By Drooid · Oct 30, 2026 · How we work

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ExxonMobil and Chevron posted record third-quarter profits as refining margins surged.
ExxonMobil earned $15.4 billion net income, $3.72 per share, and $113.16 billion revenue.
Chevron earned $9.9 billion net income, $5.06 per share, and $67.8 billion revenue.
Chevron’s refining profit rose over 300% to $4.9 billion, its highest downstream earnings.
Diesel topped $7 per gallon at a California truck stop on August 26, 2026 amid global supply disruptions.

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ExxonMobil and Chevron posted record third-quarter profits as refining margins surged.
ExxonMobil earned $15.4 billion net income, $3.72 per share, and $113.16 billion revenue.
Chevron earned $9.9 billion net income, $5.06 per share, and $67.8 billion revenue.
Chevron’s refining profit rose over 300% to $4.9 billion, its highest downstream earnings.
Diesel topped $7 per gallon at a California truck stop on August 26, 2026 amid global supply disruptions.